Budget watchdog says plans 'at limit' of prudent policy

Budget watchdog says plans 'at limit' of prudent policy
Warning on 'transient' corporation tax receipts. Pic: Pixabay

IFAC says GDP figures underestimate 'high' debt burden

A state body has warned that the government’s planned fiscal stance is “at the limit” of prudent policy decisions – considering Ireland’s debt burden and the “largely unknown” potential impacts posed by Brexit.

In its third pre-budget statement, the Irish Fiscal Advisory Council (IFAC) today warned that plans will go beyond the €1 billion fiscal space outlined in the Summer Economic Statement, which when added to increased spending commitments, amounts to a €2.4...

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